Ford Motor (NYSE:F) Price Target Raised to $8.00 at Credit Suisse Group

Ford Motor (NYSE:F) had its target price increased by Credit Suisse Group from $7.00 to $8.00 in a research report released on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the auto manufacturer’s stock.

Several other equities analysts have also recently commented on F. Wolfe Research cut shares of Ford Motor from an outperform rating to a peer perform rating in a research note on Friday, April 3rd. UBS Group upped their price target on shares of Ford Motor from $4.30 to $6.70 and gave the stock a neutral rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $6.00 to $7.00 and gave the company a neutral rating in a research note on Friday, June 19th. ValuEngine upgraded Ford Motor from a hold rating to a buy rating in a research note on Friday, May 1st. Finally, Royal Bank of Canada lowered their price target on Ford Motor from $6.50 to $5.00 and set a sector perform rating on the stock in a report on Wednesday, April 29th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $7.48.

F stock traded down $0.13 during mid-day trading on Friday, hitting $6.61. The company had a trading volume of 115,394,121 shares, compared to its average volume of 69,829,240. The company has a debt-to-equity ratio of 3.85, a quick ratio of 1.20 and a current ratio of 1.32. Ford Motor has a 12 month low of $3.96 and a 12 month high of $9.65. The stock’s fifty day moving average price is $6.37 and its two-hundred day moving average price is $6.42.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.30) by $0.95. Ford Motor had a negative return on equity of 1.47% and a negative net margin of 1.63%. The firm had revenue of $19.37 billion for the quarter, compared to analyst estimates of $15.07 billion. As a group, equities analysts forecast that Ford Motor will post -1.28 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC grew its position in Ford Motor by 62.0% in the 1st quarter. Pzena Investment Management LLC now owns 51,098,081 shares of the auto manufacturer’s stock valued at $246,804,000 after acquiring an additional 19,549,840 shares during the last quarter. Legal & General Group Plc boosted its stake in Ford Motor by 3.6% during the 1st quarter. Legal & General Group Plc now owns 29,219,928 shares of the auto manufacturer’s stock valued at $141,612,000 after purchasing an additional 1,012,931 shares in the last quarter. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth about $197,547,000. Invesco Ltd. boosted its stake in shares of Ford Motor by 5.3% during the 1st quarter. Invesco Ltd. now owns 19,787,170 shares of the auto manufacturer’s stock worth $95,573,000 after acquiring an additional 1,000,079 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Ford Motor by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,621,382 shares of the auto manufacturer’s stock valued at $101,058,000 after acquiring an additional 702,505 shares in the last quarter. Institutional investors and hedge funds own 49.28% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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Analyst Recommendations for Ford Motor (NYSE:F)

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